How to apply for Development Finance
To apply for full doc Property Development Finance you will need to provide the following information;
Development Loan Application Information
1. Personal
a) Date of Birth
b) Place of Birth
c) Drivers Licence copy
d) Passport copy (for non-residents)
e) Credit History – Veda Advantage Credit Report
f) Residential Address
g) Professional Experience – Resume
h) Assets & Liabilities Statement
2. Company
a) Name
b) ABN
c) Registered Office
d) Directors
e) Shareholders
f) Accountant
g) Solicitor
h) Last 2 years Tax Returns if applicable
i) Assets & Liabilities Statement
3. Project
a) Executive Summary
b) Feasibility Cashflow Budget (preferably by Excel Spreadsheet)
c) Project Application of Funds
d) Sponsor’s Development Experience
e) Development Approval
f) Full Set of Plans (PDF Original)
g) Consultant details;
(i) Architect
(ii) Quantity Surveyor
(iii) Construction Company
(iv) Development Manager
(v) Construction Contract Superintendent (if any)
(vi) Project Manager
(vii) Real Estate Agent
(viii) Solicitor
(ix) Accountant
h) Presales – Detailed list including Purchaser, Deposit, Lot & Price
i) Market Analysis
j) Valuation
k) Exit
Prudential Finance will advise you on how to apply for development finance, from due diligence and project profitability analysis before development site acquisition, procuring senior debt, mezzanine debt, joint ventures, & development management.
Call Prudential Finance on 1300 550 669